Expanding Global Footprint: Yellow Card Enters Canadian Market

Nigerian fintech startup Yellow Card is extending its stablecoin infrastructure across North America with a new presence in Canada. The company, known for facilitating access to US dollars and cross-border payments for banks, fintechs, and businesses, launched Alkepay—a wholly-owned subsidiary—to offer foreign exchange dealing and funds transfer services in the Canadian market.

The expansion follows Yellow Card’s recent $40 million funding round aimed at global growth. The company currently supports over 50 currencies and counts major partners like Visa, Mastercard, Western Union, Thunes, and MoneyGram among its clients.

“For years, Yellow Card has established itself as a trusted stablecoin provider,” said CEO Chris Maurice. “That trust is the foundation of our business, and we’re bringing it to North America with our world-class infrastructure.”

The move signals a strategic shift for Yellow Card from its pan-African origins toward becoming a global financial technology player. Recent hires in Latin America and Southeast Asia complement this expansion strategy.

Yellow Card’s Canadian launch also includes affiliation with StaaS Fintech Services SA, its Swiss virtual asset service provider (VASP), which is recognized by FINMA—giving institutional clients a supervised entry point into the company’s infrastructure.